ISM Services Data - October ISM services headline is strong at 524%, exceeding expectations [1] - The headline is 250 basis points above the previous reading, showing sequential strength [1] - This is the best reading since February of this year, when it was 535% [1] Prices Paid - Prices paid are moving upwards, reaching 700% [1] - This is above the expected 680% - 694% [1] - It represents the highest prices paid since October 2022 [2] New Orders - New orders are also well above expectations, reaching a notable 562% [2] - This marks the highest level in one year, dating back to October of the previous year [2] Employment - ADP employment data is better than expected, although not exceptionally strong, at 482% [3] - While still in contraction territory, it surpasses the previous 472% [3] - This is the best reading since May, when it was last in expansion territory at 507% [3] Market Reaction - Trading is at 414, up a few basis points, hovering near the highest closes since early October [3]

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services PMIs as well with Rick Santel. Hey Rick. >> Hi Carl.Indeed. Rates are moving up, but maybe it's outside of the data I'm about to release. Our October final read on service sector and composite from S&P Global comes in less than expectations and less than the midmon read.54.8% replaces 55.2%. And if you look at the composite, 54.6% replaces 54.8%. But here's the rub.Even though they're less than expected and less than the midmon read, they're still sequentially higher than last month, which is the c ...

awkward. You're not here here to produce. >> I'm at Harvard Business School.I'm in a nameless like the Spangler. I'm in Spangler. >> Remember Spangler.>> No, I don't. >> Let's get the opening bell on the CNBC real time exchange. The big board.It is HP celebrating its 10th anniversary as a standalone company. Happiness Henry Shine been in the news this week. provider of products and services to dental and medical practitioners celebrating its 30th anniversary as we get this Wednesday session underway.Jim, so ...

Let's get to Jim and stop trading. >> You know, Carl, you mentioned Johnson Controls and I doing some work on it. That is the leading coolant.They they make coolers like Vertive in the data center and they they make the air conditioners basically to keep it cool. And boy, it was the best number they've had since 2019. It's incredible.And it's it's a testament to what David was saying. Every time you get away from the data center, you get something like a mundane prosaic company like Johnson Controls that sh ...

All right, time for a mad dash. We used to call this uh hump day, I think. Right, it is still Wednesday.Jim's in Boston. Want to talk a little Pinterest stock of which is going to get hit pretty hard right now. >> Crush it.I I I not that I necessarily want to take the other side of the trade, but let me just say they've got a great user base. They've got data. I think that they didn't talk enough about how you could use their data uh if you're one of these uh one of these bots.And most importantly, David, I ...

Air Traffic Controller Shortage & Impact - The air traffic control system is currently short 3,800 certified controllers, with only 10,800 certified controllers running a system that should have 14,633 [2][3] - The existing controller shortage is even more severe than during the 35-day government shutdown in 2019, with 300 to 400 fewer certified professional controllers currently [8][9] - The shutdown is causing controllers to resign or take second jobs, introducing risk into the system due to fatigue and stress [13][14][15] Safety & Operational Concerns - The National Air Traffic Controllers Association is calling out the risks to ensure the safety of the flying public, as controllers face additional stresses and pressures due to the shutdown [5][6] - If the shutdown continues, the system may need to be slowed down to maintain safety standards, potentially leading to significant delays [6] - The impact of the shutdown on air traffic controllers will not be immediately resolved even after the government reopens, and it will take weeks to recover [12][15] Potential Holiday Season Disruptions - The industry representative cannot predict the full impact of a continued government shutdown into the holiday season, but anticipates significant issues [9] - Potential consequences include extreme TSA wait times and a system facing numerous internal problems, making it difficult to maintain normal operations [10] Financial Strain on Air Traffic Controllers - Air traffic controllers are experiencing financial difficulties, with many unable to afford basic necessities like gas and childcare [6] - Even after the government reopens, controllers will not receive their earned pay for two to two and a half months, prolonging their financial struggles [16]

Novo Nordisk is out with results this morning now lowering its fullear profit uh and revenue uh forecast. Meanwhile, uh the company it's it's getting very interesting in terms uh of uh this possible uh bidding war uh that uh that we are seeing as we move that up a little bit please. That's what this means.Yeah, there you go. Keep going. Keep going. Keep going.Joining us now, Novo Nordis CEO Mike Dudstar. It's good to have you on. Uh can we talk uh about how much this is uh cherished this company met very sm ...

Time now for a look at how the New York City mayoral election could impact wealthy people in the Big Apple. The one and only Robert Frank, who knows more about this than just about anybody else, joins us right now. Andrew, great to see you guys have had some great discussions this morning all about the question of wealth flight.Will the wealthy stay or go. And in fact, there are competing studies on recent wealth flight from New York. If you look at left-leaning groups, they point out that New York's popula ...

Ed Skyler, Citi head of enterprise services and public affairs, joins 'Squawk Box' to discuss Zohran Mamdani's election victory to become the next mayor of New York City, impact on the business community, and more. ...